- (PLX AI) – Kongsberg Automotive announced a 10% buy back of shares at their Capital Markets Day.
- • The divestments announced in October are expected to close towards the end of the first quarter, at which point the proceeds will be used to buy back 10% of the company’s shares, reduce outstanding debt, and invest in new technology and innovation, the company said in a release
- • Kongsberg Auto also said portfolio transformation will reduce the company’s exposure to highly volatile passenger car segment, focusing further on specialty products, commercial vehicles and new adjacent product areas